August 24, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--The Biden administration is taking steps in meeting its lofty goal of the U.S. having 30 gigawatts (GW) of offshore wind power installed by 2030. Earlier this week, the U.S. Department of Interior gave approval for construction of an offshore windfarm off the Rhode Island coast. The approval marks the fourth U.S. utility-scale offshore windfarm to receive the green light to proceed.

The Revolution wind project off Point Judy, Rhode Island, is a joint venture of Danish renewable company Orsted (Fredericia) and U.S. utility Eversource Energy (NYSE:ES) (Hartford, Connecticut), which serves customers in Massachusetts, New Hampshire and Connecticut.

Other companies featured: Dominion Energy Incorporated (NYSE:D), Equinor (NYSE:EQNR) BP (NYSE:BP)